Map of Property

520 Southeast 24th Avenue

For Sale

520 Southeast 24th Avenue, Amarillo, TX 79109

This Amarillo property for sale is located at 520 Southeast 24th Avenue. The current listed sale price for 520 Southeast 24th Avenue is $745,000. 520 Southeast 24th Avenue is situated on a lot that is 2 acre in size.

Contacts

Kirk Chudej

FIMC Commercial Realty

Property Details

  • Property Type Retail
  • Property Size 12,000 SF
  • Lot Size 2 Acre
  • Cap Rate % 9.53
  • NOI / YR $71,000.00
  • Date Updated Jun 5, 2026

Retail | 9.53% CAP | 12,000 SqFt

Marketing description

Broken Horn Steakhouse is positioned as a full-service steakhouse and event-oriented hospitality asset in Perryton, Texas. Based on the deal inputs previously provided, the offering is underwritten on an illustrative real estate price basis of $650,000 and trailing net operating income of approximately $71,000. On that basis, the implied real estate cap rate is approximately 10.9%, creating a compelling yield profile for investors seeking a small-market hospitality asset with in-place cash flow, owner-operator appeal, and potential upside through food and beverage optimization, events, and operating efficiencies.

Investment highlights

Price $745,000

Provided NOI basis of approximately $71,000

Implied cap rate of about 9.53%

Restaurant and event-venue positioning

Service area draw with Perryton / Ochiltree County

Potential owner-user or passive investment play

 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 28/100

    Walk Score ®

  • 26/100

    Transit Score ®

  • 35/100

    Bike Score ®

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Location

  • City Amarillo, TX
  • Neighborhood Wolfin Historic District
  • Zip Code 79109
  • Market Amarillo

Points of Interest

  • Valero

    0.31 miles

  • Toot'n Totum

    0.83 miles

  • Chevron

    1.13 miles

  • Sam's Club

    1.17 miles

  • Phillips 66

    1.40 miles

  • Tesla Destination Charger - Best Western Plus Medical Center

    4.95 miles

  • Tesla Supercharger

    5.17 miles

  • Santa Fe Building Parking

    1.16 miles

  • 220 SW 10th Ave

    1.17 miles

  • Happy State Bank Parking Garage

    1.18 miles

  • 913 S Harrison St

    1.18 miles

  • 909 S Harrison St

    1.19 miles

  • 905 S Harrison St

    1.20 miles

  • 901 S Harrison St

    1.21 miles

  • 910 S Van Buren St

    1.23 miles

  • 904 S Van Buren St

    1.25 miles

  • 900 S Van Buren St

    1.26 miles

  • La Campana

    0.18 miles

  • DQ Grill & Chill

    0.88 miles

  • Youngblood's Cafe

    0.98 miles

  • FAVs

    1.00 miles

  • Denny's

    1.02 miles

  • La Fiesta Grande

    1.04 miles

  • IHOP

    1.05 miles

  • Taco Bell

    1.06 miles

  • Arby's

    1.06 miles

  • Sonic

    1.06 miles

  • Family Discount Store

    1.21 miles

  • Walmart Neighborhood Market

    1.26 miles

  • Kress

    1.32 miles

  • Amarillo International Food Market

    1.60 miles

  • Market Street United

    1.84 miles

  • United Supermarkets

    1.88 miles

  • Walmart Supercenter

    1.95 miles

  • Amigos

    2.13 miles

  • Bealls

    2.20 miles

  • Big Lots

    2.22 miles

Contact Listing Broker
Kirk Chudej

FIMC Commercial Realty

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